When 2020 began, the key challenge which faced the shipping industry was the implementation of the Fuel Standards of IMO 2020 mandating lower Sulphur Fuel Content. Looming ahead was the massive global tragedy which was the COVID-19 Pandemic, which spared no nation, no industry. The Pandemic ravaged lives, decimated businesses and forced a rethink of how much we can prepare. Shipping was badly affected in many ways.

As technology, media and entertainment companies continue to invest billions of dollars into the development of the metaverse – still in its infancy – businesses from all sectors are flocking to the platform to ensure they can partake in its prospective commercial opportunities. When the metaverse is fully established, it will provide users with various immersive experiences, such as social networking and attending events like virtual meetings and concerts, online interactive gaming, and a new market place for virtual goods and services, such as clothing for avatars and immersive group physical training. Given this rapidly growing potential, Bloomberg forecasts that the metaverse market will reach US$783.3 billion in value in 2024.[1]

“e-KYC” stems from the acronym “KYC” (Know Your Customer). As the name suggests, KYC is a mandatory practice or process imposed upon businesses to verify the identities and suitability of customers as well as the risks involved in maintaining a business relationship with them. The advancements of financial technology (Fintech), paired with the urgency to usher in an age of total digitalisation of banking and other financial services have caused e-KYC (electronic-Know Your Customer) to rapidly gain traction.

Repapering is a bona fide nightmare for in-house legal departments: a regulation changes, a law changes, there is a market event or corporate action – firms are triggered into a process of contract risk review and potentially amendment (repapering), that […]

Singapore’s legal sector is looking to keep up with emerging technologies like the metaverse. According to Singapore’s Second Minister for Law, Edwin Tong, legal services such as marriage proceedings, court case disputes, and government services may one day be offered […]

New technologies, increasing regulatory burdens and additional calls for cost controls are forcing companies to adopt more efficient, lean and agile structures.[1] Legal departments and law firms – by tradition immune to such pressures – are now being forced to […]